Live
- BJP is a ‘pucca local party’: Kishan
- Voters find Candidates persona non-grata in chevella
- Tirupati: Sanskrit is language of divinity says Jagdeep Dhankhar
- Visakhapatnam: INS Sahyadri participated in the maritime partnership exercise
- Scorching heat fails to deter netas from revving up poll drive in Hyd
- Guntur: Dokka Manikya Vara Prasad resigns from YSRCP, joins TDP
- What they want: Women voters pitch for jobs, gender equality in Hyd’bad
- Vijayawada: Lanka Dinakar alleges norms’ violation in Axis Energy projects
- Nominations of 158 candidates found valid in Prakasam dist
- Anantapur: These will be last democratic polls if Modi returns, warns CPI
Entrepreneurship dreams of SCCL wards shattered
The Singareni Collieries Company Limited (SCCL) scheme to groom wards of employees into successful entrepreneurs boomeranged as the prospective entrepreneurs felt cheated by the SCCL as it denied them work orders after establishing units borrowing huge sums from banks.
Adilabad: The Singareni Collieries Company Limited (SCCL) scheme to groom wards of employees into successful entrepreneurs boomeranged as the prospective entrepreneurs felt cheated by the SCCL as it denied them work orders after establishing units borrowing huge sums from banks.
According to reports, the SCCL management in 2011 gave publicity to groom young entrepreneurs out of employees’ wards by helping them set up units in Ramakrishnapur area of the district. In 2012, it offered to provide training to the employees’ wards in making tools needed by coal miners.
Those who have been engaged in various petty jobs at various places gave up their jobs and underwent the training in motor winding, fan winding and other aspects at an expo organised in Illendu club of Mandamarri. The management reportedly offered to give the unemployed work orders provided they set up their units.
In all, 13 persons came forward to set up units giving credence to the SCCL promise. The management allotted them workshop at Ramakrishnapur. The unemployed dreamt of achieving economic self-reliance while helping handful of others with their livelihood. But their hopes were dashed.
Each of them availed themselves a bank loan of Rs 25 lakh to set up units and borrowed money from others as well. Though four years have elapsed since establishing the units, the SCCL management did not give them any work order. It adopted dilly-dallying tactics, but gave work order only once in 2014 succumbing to pressure from the unemployed entrepreneurs.
The unemployed say that the management gave work orders for the month of December in 2014 and subjected them all sorts of troubles. They say that each of them owed to the bank at least Rs 50,000 by way of installments for the loan availed. The machinery in the units that was procured spending lakhs of rupees is remaining idle and getting rusted.
Having defaulted payment of monthly installments, 10 out of 13 units faced closure. The bank officials who attached the property disposed of the machines at a throw away price in the market. The rest of the three units are also on the verge of closure. The depressed young entrepreneurs say that they have no alternative except committing suicide if the State government or SCCL management did not come to their rescue immediately.
